Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC cut its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,052 shares of the company’s stock after selling 4,099 shares during the quarter. Cresset Asset Management LLC’s holdings in Mobileye Global were worth $579,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MBLY. Norges Bank acquired a new position in Mobileye Global during the fourth quarter worth $95,937,000. Dimensional Fund Advisors LP acquired a new position in Mobileye Global during the fourth quarter worth $27,155,000. Yiheng Capital Management L.P. acquired a new position in Mobileye Global during the fourth quarter worth $14,940,000. Susquehanna Fundamental Investments LLC acquired a new position in Mobileye Global during the fourth quarter worth $13,897,000. Finally, Raymond James Financial Inc. acquired a new position in Mobileye Global during the fourth quarter worth $13,786,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Trading Up 2.0%

Mobileye Global stock opened at $16.94 on Wednesday. The firm has a market capitalization of $13.76 billion, a P/E ratio of -4.43, a PEG ratio of 69.54 and a beta of 0.38. The stock has a fifty day moving average price of $14.40 and a 200 day moving average price of $16.10. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $33.26.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The firm had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. During the same quarter in the previous year, the business earned ($0.07) earnings per share. The firm’s quarterly revenue was up 83.3% compared to the same quarter last year. As a group, equities analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MBLY. Oppenheimer began coverage on Mobileye Global in a report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price target for the company. Mizuho cut their price target on Mobileye Global from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Barclays reissued an “equal weight” rating and issued a $14.00 price target (down from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. TD Cowen boosted their price target on Mobileye Global from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Finally, Robert W. Baird boosted their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.63.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.